Millennium Management LLC Acquires 198,925 Shares of The Andersons, Inc. (NASDAQ:ANDE)

Millennium Management LLC grew its position in The Andersons, Inc. (NASDAQ:ANDE) by 3,547.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,532 shares of the basic materials company’s stock after purchasing an additional 198,925 shares during the period. Millennium Management LLC owned about 0.60% of Andersons worth $8,288,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV grew its holdings in Andersons by 70.3% during the 4th quarter. KBC Group NV now owns 1,558 shares of the basic materials company’s stock worth $63,000 after acquiring an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Andersons by 16.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,866 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 412 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Andersons during the 4th quarter valued at $213,000. EP Wealth Advisors LLC lifted its stake in shares of Andersons by 30.0% in the 4th quarter. EP Wealth Advisors LLC now owns 6,557 shares of the basic materials company’s stock valued at $266,000 after purchasing an additional 1,513 shares during the period. Finally, Arete Wealth Advisors LLC boosted its position in shares of Andersons by 9.4% in the 4th quarter. Arete Wealth Advisors LLC now owns 6,710 shares of the basic materials company’s stock worth $272,000 after purchasing an additional 579 shares during the last quarter. 87.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ANDE has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Andersons in a report on Tuesday, May 6th. They set a “market perform” rating and a $45.00 price objective for the company. Stephens reaffirmed an “overweight” rating and issued a $55.00 price objective on shares of Andersons in a research report on Wednesday, February 19th. Lake Street Capital lowered their target price on Andersons from $70.00 to $55.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen lowered Andersons from a “buy” rating to a “hold” rating in a report on Thursday, May 15th.

Andersons Stock Down 0.4%

Andersons stock opened at $34.01 on Monday. The company has a current ratio of 1.65, a quick ratio of 0.90 and a debt-to-equity ratio of 0.38. The Andersons, Inc. has a 1-year low of $31.03 and a 1-year high of $55.52. The company has a fifty day simple moving average of $38.24 and a 200 day simple moving average of $41.68. The company has a market cap of $1.16 billion, a P/E ratio of 10.24 and a beta of 0.73.

Andersons (NASDAQ:ANDE) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.20. Andersons had a return on equity of 7.59% and a net margin of 1.01%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the firm earned $0.16 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Research analysts anticipate that The Andersons, Inc. will post 3.11 earnings per share for the current fiscal year.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.